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Could Chipotle Stock Be Worth $1,600?

Bernstein analyst Sara Senatore has become the biggest Wall Street bull on Chipotle Mexican Grill (NYSE:CMG). The analyst has maintained an outperform rating on the fast-casual restaurant chain, while raising her price target to $1,600 per share. That price would represent almost a 30% gain from the stock’s closing price yesterday.  

Chipotle has already been one of the big winners of 2020 with more than a 50% gain year to date, and a 173% rebound from its March lows. But the business continues to expand and there remain growth drivers ahead. 


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